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Brunei Inks Production, Investment Pact With Royal Dutch Shell

The fruits of a $500,000 Brunei dollar wedding gift (bribe) given by Shell to the corrupt Brunei Royal Family…?

Wednesday, 25 January 2012 06:44
Borneo Bulletin

The Hague, Netherlands – The Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam and Royal Dutch Shell Ltd (RDS) as the shareholders of Brunei Shell Petroleum Co Sdn Bhd (BSP) signed the production and investment agreement on Jan 23, 2012 at RDS headquarters in The Hague, Netherlands.

Signing on behalf of the Brunei Government was the Minister of Energy at the Prime Minister’s Office, Pehin Datu Singamanteri Col (Rtd) Dato Seri Setia (Dr) Awg Hj Mohammad Yasmin bin Hj Umar, and for Royal Dutch Shell, Dato Seri Laila Jasa Peter Voser, Chief Executive Officer and Ken Mamoch, BSP Managing Director. The agreement set out between the Brunei Government and Shell focuses on the mechanisms to support, sustain and increase the production of oil and gas by BSP.

It will form an integral part of future investment decisions undertaken by Shell in BSP, in relation to BSP’s entire project portfolio, including further exploration, development and production in areas under existing concession agreements.

This deal also builds on the relationship that the government and Shell have cemented for the last 80 years, and will endeavour to further strengthen it for the next 25 years.

The signing ceremony also coincided with a working visit to the United Kingdom and the Netherlands led by the Minister of Energy at the PMO and a delegation comprising Permanent Secretary and Deputy Permanent Secretary from the Energy Department of the Prime Minister’s Office and other senior officials from the Energy Department and Brunei Shell Petroleum.

The delegates visited Shell offices, private sector companies and educational institutions in Aberdeen and The Hague to gain firsthand updates on technology, competency and local business developments.

–Courtesy of Borneo Bulletin

SOURCE ARTICLE

ARTICLES ABOUT THE $5 MILLION BRUNEI ROYAL WEDDING

The $5m royal wedding: “…sponsored by local companies, including the oil and gas firms Brunei Shell…”: The Independent 10 September 2004

Shell Rewards Employees (*Bribes and scandal in Brunei?): Brudirect.com

Will the Prince Turn Pauper? (*$500,000 Shell bribe was given to this corrupt family): Wall Street Journal article published March 2008

Brunei Shell contributes $500,000 for royal wedding ceremonies: Brunei-online.com: August 2004

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